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A former employee and member of the $18.6 million Wallingford Municipal Federal Credit Union was awarded more than $200,000 after a judge ruled the Wallingford, Conn., cooperative committed theft when it seized the woman’s $13,801 Social Security disability benefit.

However, Manager/President Richard T. Cassello said the credit union will continue to defend itself and hasn’t ruled out appealing the decision.

The funds were used to repay a settlement Wallingford Municipal had won against former accounting clerk Naomi Odell and her husband after they had defaulted on a loan.

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Peter Strozniak


Credit Union Times

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